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The prospects of XRP are reminiscent of Zcash, with a target of $8–$10
$XRP . Economist Micky Bull believes that XRP may follow a similar breakout pattern to that of Zcash in the past, with a conservative long-term target of $8–$10. Analysis shows that there is significant structural similarity in the multi-year charts of XRP.
⬤ TheCryptoBasic recently reported that economist Miki Bul believes XRP has the potential to replicate the historical growth of Dash, with a target of "a conservative $8–$10." This comparison is based on the structural similarities between XRP's current setup and Dash's formation prior to its explosive growth. The chart shows the breakout of the trend line, circular accumulation patterns, and an expanding consolidation area—all of which reflect the setup prior to Dash's breakout.
⬤ The chart shows that XRP remains above the long-term breakout level while consolidating below horizontal resistance. Many historical trendline breaks in the chart indicate that XRP is repeating a multi-year pattern, similar to what was exhibited by Zcash before its breakout cycle. According to Mikybull, if the pattern materializes, this structural alignment could pave the way for a significant movement.
⬤ For investors focused on XRP, this comparison emphasizes the importance of long-term chart structures. While Mikybull views $8–$10 as a conservative estimate, the mention of big zeros reminds people that circumstances can change rapidly once a technical breakthrough occurs. As XRP is in a critical consolidation zone, traders are closely watching whether there is a long-term expansion phase on the horizon.